Covered Call ETFs: Shitburger With Extra Tax
Investors pay a premium for current income
The JPMorgan Equity Premium Income ETF (JEPI) 2023 prospectus says it “…captures a majority of the returns associated with the S&P 500 Index while exposing investors to lower volatility than the S&P 500 Index and also providing incremental income.”
The prospectus for its sibling, the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), says the same thing (…